PRESS ROOM

According to an article on the American Journal of Transport website, ocean container shipping demand from China to North America and North Europe continued to break records in June as importers rushed to protect supply chains amid the global disruption caused by conflict in the Red Sea.

This made interesting reading for the U-Freight Group with our string presence in both of those trade lanes, including LCL and FCL import and export operations, as the latest data produced by Xeneta, Container Trade Statistics, released this week, shows 800,000 teu were shipped from China to North Europe in June, which is the highest ever monthly figure on this trade. While the trade from China to North America did not set a new all-time high, it was still the highest volume of containers to have ever been shipped in the month of June at 1.36 million teu, the report said.

Peter Sand, Xeneta Chief Analyst, said: “Shippers assessed the impact of the Red Sea conflict on ocean supply chains and are not prepared to take the risk of repeating the chaos of the pandemic years - meaning we have seen record-breaking volumes on major fronthaul trades out of China ahead of the traditional peak season in Q3.”

The article added that record volumes in June coincided with spiralling average spot rates on trades from the Far East to the USA and North Europe.

The article can be read in full here: https://www.ajot.com/news/another-record-breaking-month-for-container-shipping-demand-from-china-to-north-america-and-north-europe